Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari Sells 6,860 Shares of Stock

Snap-on Incorporated (NYSE:SNA) CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the sale, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Aldo John Pagliari also recently made the following trade(s):

• On Wednesday, December 18th, Aldo John Pagliari sold 6,909 shares of Snap-on stock. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58.

Snap-on Price Performance

Shares of NYSE:SNA opened at $335.87 on Friday. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The firm has a 50 day simple moving average of $343.79 and a 200 day simple moving average of $323.21. Snap-on Incorporated has a one year low of $252.98 and a one year high of $373.89.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the prior year, the company earned $4.75 earnings per share. Research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, February 24th. Snap-on’s payout ratio is currently 43.90%.

Hedge Funds Weigh In On Snap-on

Several large investors have recently modified their holdings of SNA. Raymond James Financial Inc. bought a new position in shares of Snap-on during the fourth quarter valued at $148,839,000. Norges Bank acquired a new stake in shares of Snap-on during the fourth quarter worth $145,342,000. First Trust Advisors LP increased its position in shares of Snap-on by 29.2% during the fourth quarter. First Trust Advisors LP now owns 1,819,403 shares of the company’s stock worth $617,651,000 after buying an additional 411,317 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $57,738,000. Finally, Benjamin Edwards Inc. increased its position in shares of Snap-on by 2,691.2% during the third quarter. Benjamin Edwards Inc. now owns 158,092 shares of the company’s stock worth $45,810,000 after buying an additional 152,428 shares during the period. Institutional investors own 84.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial increased their price objective on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $345.40.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.